UPDATE 1-Toronto stocks flat, help up by energy
*TSX flat but energy sector up as oil rises
*Benchmark index weighed down by financials
*Canadian Natural in focus after quarterly results
TORONTO, Aug 7 (Reuters) - The Toronto Stock Exchange's main index was slightly higher on Thursday morning, supported by strength in energy issues including Canadian Natural Resources Ltd CNQ.TO, which reported richer-than-expected results.
The key energy sector was up 1.6 percent as the price of oil rose to above $120 a barrel.
Weighing on the market were the financial and consumer discretionary sectors, slipping 1 percent and 1.3 percent respectively.
Choppy early activity, during which the market see-sawed between positive and negative territory, reflects cautiousness in the market, said Levente Mady, broker at MF Global Canada, in Vancouver.
"There's quite a bit of confusion out there on a day to day basis," said Mady. "It's so choppy out there, it's a struggle to figure out what the next news item will be driving the trading." Continued...